What does BELFIUS COMMERCIAL FINANCE do?

BELFIUS COMMERCIAL FINANCE is a credit provider in Sint-Joost-ten-Node. Public Limited, started on 22 May 1990, 1 establishment.

What is the address of BELFIUS COMMERCIAL FINANCE?

The registered office of BELFIUS COMMERCIAL FINANCE is located at Karel Rogierplein 11, 1210 Sint-Joost-ten-Node.

Is BELFIUS COMMERCIAL FINANCE still active?

Yes. According to the CBE (29 October 2026) BELFIUS COMMERCIAL FINANCE is active, legal situation “Normale toestand”, started on 22 May 1990.

Is BELFIUS COMMERCIAL FINANCE registered on Peppol?

Yes, BELFIUS COMMERCIAL FINANCE is registered on the Peppol network with ID 0208:0440627349.

What is the enterprise number of BELFIUS COMMERCIAL FINANCE?

The enterprise number of BELFIUS COMMERCIAL FINANCE is BE0440627349.

When was BELFIUS COMMERCIAL FINANCE founded?

BELFIUS COMMERCIAL FINANCE was founded on 22 May 1990.

Who are the directors of BELFIUS COMMERCIAL FINANCE?

According to the 2025 annual accounts, the directors of BELFIUS COMMERCIAL FINANCE are: Mario De Vry, Gianni Castronovo, Jan Aertgeerts, Caroline Lambert, Peter Vanloock.

Is BELFIUS COMMERCIAL FINANCE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 22 May 1990; 5 annual accounts filed, latest fiscal year 2025; 5 directors known from the annual account.

How much profit did BELFIUS COMMERCIAL FINANCE make in 2025?

BELFIUS COMMERCIAL FINANCE posted a profit after taxes of € 3,661,480 in financial year 2025.

What is the revenue of BELFIUS COMMERCIAL FINANCE?

In its most recent annual accounts (2025), BELFIUS COMMERCIAL FINANCE reported revenue of € 57,932,207.

How much does an employee at BELFIUS COMMERCIAL FINANCE earn?

The average wage cost per full-time employee at BELFIUS COMMERCIAL FINANCE was € 114,200 in 2025: staff costs of € 7.8 million for 68.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does BELFIUS COMMERCIAL FINANCE have?

According to the 2025 annual accounts, BELFIUS COMMERCIAL FINANCE has 68.6 full-time equivalents (FTE).

BELFIUS COMMERCIAL FINANCE (Public Limited)

Dossier BELFIUS COMMERCIAL FINANCE, printed on 29 October 2026 from databakkes.be/en/0440627349/belfius-commercial-finance. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Busy address KBO

58 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

BELFIUS COMMERCIAL FINANCE from Sint-Joost-ten-Node, company number BE0440627349, closed financial year 2025 with a result of € 3.7 million after tax. For that financial year BELFIUS COMMERCIAL FINANCE recorded revenue of € 57.9 million and equity of € 36.4 million. Compared with financial year 2024, the result moved from € 5.6 million to € 3.7 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2026.

What it is worth Healthy

€ 36.4 million

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 3.7 million

▼ 35% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 20 million

▲ 30% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 3.7 million paid out

100 % of the profit went to the shareholders, mostly to BELFIUS ASSET FINANCE HOLDING NV (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

68.6

▲ 1.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 7.1 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 7.8 million

▲ 3% vs 2024

€ 114,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Debts at end 2025

Bank debt

€ 1.3 billion

▲ 10% vs 2024

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 1.4 billion

▼ 3% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 74547 days on average.

Taxes and wages

€ 2.6 million

▲ 47% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 28,521,881 Revenue 2022: € 28,521,881 First fiscal year in the series	€ 58,837,820 Revenue 2023: € 58,837,820 ▲ 106% vs 2022 (€ 28,521,881) Favourable step	€ 65,293,362 Revenue 2024: € 65,293,362 ▲ 11% vs 2023 (€ 58,837,820) Favourable step	€ 57,932,207 Revenue 2025: € 57,932,207 ▼ 11% vs 2024 (€ 65,293,362) Unfavourable step	▼ 11%
Profit after taxes	€ 7,031,473 Profit after taxes 2022: € 7,031,473 First fiscal year in the series	€ 3,368,472 Profit after taxes 2023: € 3,368,472 ▼ 52% vs 2022 (€ 7,031,473) Unfavourable step	€ 5,630,990 Profit after taxes 2024: € 5,630,990 ▲ 67% vs 2023 (€ 3,368,472) Favourable step	€ 3,661,480 Profit after taxes 2025: € 3,661,480 ▼ 35% vs 2024 (€ 5,630,990) Unfavourable step	▼ 35%
Equity	€ 30,787,600 Equity 2022: € 30,787,600 First fiscal year in the series	€ 30,787,600 Equity 2023: € 30,787,600 Unchanged (€ 30,787,600) Unchanged	€ 36,418,590 Equity 2024: € 36,418,590 ▲ 18% vs 2023 (€ 30,787,600) Favourable step	€ 36,418,590 Equity 2025: € 36,418,590 Unchanged (€ 36,418,590) Unchanged
Total debts	€ 2,545,599,501 Total debts 2022: € 2,545,599,501 First fiscal year in the series	€ 2,544,310,715 Total debts 2023: € 2,544,310,715 Unchanged (€ 2,545,599,501) Favourable step	€ 2,688,653,548 Total debts 2024: € 2,688,653,548 ▲ 6% vs 2023 (€ 2,544,310,715) Unfavourable step	€ 2,772,385,170 Total debts 2025: € 2,772,385,170 ▲ 3% vs 2024 (€ 2,688,653,548) Unfavourable step	▲ 3%
Cash	€ 41,071,233 Cash 2022: € 41,071,233 First fiscal year in the series	€ 15,638,641 Cash 2023: € 15,638,641 ▼ 62% vs 2022 (€ 41,071,233) Unfavourable step	€ 15,399,959 Cash 2024: € 15,399,959 ▼ 2% vs 2023 (€ 15,638,641) Unfavourable step	€ 19,974,419 Cash 2025: € 19,974,419 ▲ 30% vs 2024 (€ 15,399,959) Favourable step	▲ 30%
Retained profit	€ 24,714,209 Retained profit 2022: € 24,714,209 First fiscal year in the series	€ 24,714,209 Retained profit 2023: € 24,714,209 Unchanged (€ 24,714,209) Unchanged	€ 30,345,198 Retained profit 2024: € 30,345,198 ▲ 23% vs 2023 (€ 24,714,209) Favourable step	€ 30,345,198 Retained profit 2025: € 30,345,198 Unchanged (€ 30,345,198) Unchanged
Dividend	€ 758,373 Dividend 2022: € 758,373 First fiscal year in the series	€ 3,368,472 Dividend 2023: € 3,368,472 ▲ € 2.6 million vs 2022 (€ 758,373) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 3,368,472) Unchanged	€ 3,661,480 Dividend 2025: € 3,661,480 Unchanged (€ 0) Unchanged
Bank debt	€ 1,119,627,522 Bank debt 2022: € 1,119,627,522 First fiscal year in the series	€ 1,091,352,923 Bank debt 2023: € 1,091,352,923 ▼ 3% vs 2022 (€ 1,119,627,522) Favourable step	€ 1,198,184,866 Bank debt 2024: € 1,198,184,866 ▲ 10% vs 2023 (€ 1,091,352,923) Unfavourable step	€ 1,323,214,470 Bank debt 2025: € 1,323,214,470 ▲ 10% vs 2024 (€ 1,198,184,866) Unfavourable step	▲ 10%
Balance sheet total	€ 2,576,387,101 Balance sheet total 2022: € 2,576,387,101 First fiscal year in the series	€ 2,575,098,315 Balance sheet total 2023: € 2,575,098,315 Unchanged (€ 2,576,387,101) Unchanged	€ 2,725,072,138 Balance sheet total 2024: € 2,725,072,138 ▲ 6% vs 2023 (€ 2,575,098,315) Unchanged	€ 2,808,803,760 Balance sheet total 2025: € 2,808,803,760 ▲ 3% vs 2024 (€ 2,725,072,138) Unchanged	▲ 3%
Employees (FTE)	60.7 Employees (FTE) 2022: 60.7 First fiscal year in the series	65.4 Employees (FTE) 2023: 65.4 ▲ 4.7 vs 2022 (60.7) Unchanged	67.5 Employees (FTE) 2024: 67.5 ▲ 2.1 vs 2023 (65.4) Unchanged	68.6 Employees (FTE) 2025: 68.6 ▲ 1.1 vs 2024 (67.5) Unchanged	▲ 1.1

Key figures of BELFIUS COMMERCIAL FINANCE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to BELFIUS COMMERCIAL FINANCE?

What happened at BELFIUS COMMERCIAL FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Jan Aertgeerts stepped down as director. NBB
2028 Caroline Lambert stepped down as director. NBB
Jun 16, 2026 New annual accounts for financial year 2025: profit of € 3.7 million (▼ 35% vs 2024). Source: NBB ↗
2026 Gianni Castronovo stepped down as director. NBB
2026 Peter Vanloock stepped down as director. NBB
2025 Mario De Vry stepped down as director. NBB
2024 Caroline Lambert became a director. NBB
2022 Mario De Vry became a director. NBB

In short

From € 7 million profit in 2022 to € 3.7 million profit in 2025.

Paid € 8.2 million in corporate taxes since 2022.

Best year ever: 2022, with € 7 million profit.

Paid out € 7.8 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

BELFIUS ASSET FINANCE HOLDING NV 100%

BELFIUS LEASE SERVICES NV 0%

BELFIUS COMMERCIAL FINANCE

The shares are held by BELFIUS ASSET FINANCE HOLDING NV (100%) and BELFIUS LEASE SERVICES NV (0%).

Directors

According to the 2025 annual accounts

Mario De Vry

Chairman of the board

Also active at: BELFIUS AUTO LEASE, CenEnergy

since 2022 · until 2025

Gianni Castronovo

Managing director

since 2020 · until 2026

Jan Aertgeerts

Director

Also active at: BELFIUS AUTO LEASE

since 2022 · until 2028

Caroline Lambert

Director

since 2024 · until 2028

Peter Vanloock

Director

since 2020 · until 2026

Shareholders

BELFIUS ASSET FINANCE HOLDING NV

100%

BELFIUS LEASE SERVICES NV

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Karel Rogierplein 11

1210 Sint-Joost-ten-Node

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 58 companies are registered at this address.

All companies at this address →

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BELFIUS FIDUCIAIRE

€ 167,847 gross margin · 2025

+53 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number: 0440.627.349
VAT number: BE 0440.627.349
Registered office: Karel Rogierplein 11, 1210 Sint-Joost-ten-Node
Names & denominations: BELFIUS COMMERCIAL FINANCE
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 22 May 1990
Peppol: Active · Active since 12 Oct 2026
Activities · NACE: Factoring

View on CBE Public ↗ Annual accounts (NBB) ↗

BELFIUS COMMERCIAL FINANCE

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Financials

What happened to BELFIUS COMMERCIAL FINANCE?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions